Roadrunner Transportation Systems Announces Common Stock Offering

December 05, 2012 04:01 PM Eastern Standard Time

CUDAHY, Wis.--(BUSINESS WIRE)--Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading
asset-light transportation and logistics services provider, announced
today that it has commenced a public offering of 3,500,000 shares of
common stock, of which 3,400,000 shares are being offered by the Company
and 100,000 shares are being offered by a selling stockholder. The
Company will grant the underwriters in the offering an option to
purchase up to 525,000 additional shares of common stock at the same
price per share to cover any over-allotments. The offering is subject to
market conditions, and there can be no assurance as to whether or when
the offering may be completed.

The Company expects to use the net proceeds from the offering to repay
the outstanding indebtedness under its revolving line of credit and for
working capital and other general corporate purposes.

Robert W. Baird & Co. Incorporated will serve as the book-running
manager for the offering. BB&T Capital Markets, a division of Scott &
Stringfellow, LLC, Raymond James & Associates, Inc., Stifel, Nicolaus &
Company, Incorporated and SunTrust Robinson Humphrey, Inc. will serve as
co-managing underwriters for the offering. The offering is being made
only by means of a prospectus and related preliminary prospectus
supplement, copies of which may be obtained from the offices of Robert
W. Baird & Co. Incorporated, 777 East Wisconsin Avenue, 28th Floor,
Milwaukee, Wisconsin 53202-5391, or by calling 1-800-792-2473.
Electronic copies of the prospectus and the preliminary prospectus
supplement will be available on the Securities and Exchange Commission’s
Web site at www.sec.gov.

The shares are being offered pursuant to an effective registration
statement. This press release does not constitute an offer to sell these
securities or a solicitation of an offer to buy these securities, nor
shall there be any offer, solicitation or sale of these securities in
any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

About Roadrunner Transportation Systems, Inc.

The Company is a leading asset-light transportation and logistics
service provider offering a full suite of solutions, including
customized and expedited less-than-truckload, truckload and logistics,
transportation management solutions, intermodal solutions, and domestic
and international air.

Safe Harbor Statement

This press release contains forward-looking statements that relate to
future events or performance. These statements often include words such
as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or
similar expressions. In particular, this press release may contain
forward-looking statements about the Company's expectations with respect
to the offering and the use of proceeds therefrom. These statements
reflect the Company's current expectations, and the Company does not
undertake to update or revise these forward-looking statements, even if
experience or future changes make it clear that any projected results
expressed or implied in this or other Company statements will not be
realized. Furthermore, readers are cautioned that these statements
involve risks and uncertainties, many of which are beyond the Company's
control, which could cause actual results to differ materially from the
forward-looking statements. These risks and uncertainties include, but
are not limited to, risks related to market conditions; fluctuations in
the market price of the Company's common stock; the use of proceeds from
this offering; the significant influence over the Company by its
principal stockholders; provisions in the Company's certification of
incorporation, bylaws and Delaware law; the integration of acquired
companies; competition in the transportation industry; the impact of the
current economic environment; the Company's dependence upon purchased
power; the unpredictability of and potential fluctuation in the price
and availability of fuel; the effects of governmental and environmental
regulations; insurance in excess of prior experience levels; and other
"Risk Factors" set forth in the Company's most recent SEC filings.